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Trkiye Records $2.9 Billion Current Account Deficit in November

Ankara: Trkiye posted a current account deficit of $2.87 billion in November 2024, in line with expectations, according to the Central Bank figures on Monday. The current account balance, excluding gold and energy, indicated a net surplus of $3.4 billion, while the goods deficit recorded $5.2 billion.

According to Anadolu Agency, services saw a net surplus of $3.7 billion in November, with $1.34 billion net inflows in transportation and $2.63 billion in travel. The annualized current account deficit deepened to $7.4 billion in November, while goods recorded a deficit of $54.6 billion.

"In the same period, services and secondary income realized a surplus of USD 60.9 billion and USD 565 million, respectively, while the primary income recorded a net deficit of USD 14.3 billion," the bank noted.